As a Minnesota business owner, learning the process of changing your business name is essential. Learn the steps to update your business name while complying with state requirements.
It isn’t hard to learn how to change a business name in Minnesota. You just have to follow a few basic steps. Start by amending the formation documents that you filed to make your business an official legal entity with the state.
Remember that limited liability companies (LLCs) use Articles of Organization as their key formation document. Similarly, corporations use Articles of Incorporation.
Stressed about doing more paperwork? Don’t be. With our Amendment Filing Service, we can handle the filing process for you. That said, there are other aspects of how to change a business name in Minnesota to know about. Read on to get the full picture.
There are three steps you need to follow to make a business name change in Minnesota.
First things first. Take some time to brainstorm new ideas for your business name. After that, make sure you understand Minnesota’s naming restrictions for LLCs and corporations.
Minnesota law requires all LLC names to contain either the phrase “limited liability company” or the abbreviation “LLC.” LLC names can’t include the words “corporation” or “incorporated.” Finally, all LLC names must be different from an existing LLC name.
The state’s laws put similar regulations in place for choosing a new corporation name. A corporation’s name must include one of the following words:
You can use the abbreviations of those four words if you want your corporation’s name to be a bit shorter. As with LLCs, your corporation’s name has to be unique.
It can be a tough task to make sure that you’re not using another business’s name. If you want to save yourself some time, use our Business Name Checker. With this tool, you can check that you’re in the clear with your new business name. If you’re not quite ready to change your business’s name, we can also reserve your business name for you. That way your business’s new name will be ready when you are!
Now that you have a few candidates for a new business name, you need to make sure that you’re following your business’s own rules. For LLCs, you can find these procedures in the Operating Agreement. You can find any applicable procedures for corporations in corporate bylaws. In most cases, you’ll need to obtain the approval of your shareholders, board of directors, or managers to move forward with the name change.
Fortunately, the website for Minnesota’s Secretary of State has all the forms you need to change your business’s name. These include the Amendment to Articles of Organization form (for LLCs) and an Amendment to Articles of Incorporation form (for corporations). For both forms, you’ll need the following information:
In addition, both forms require a filing fee. The filing fee amount is listed on the forms. Keep in mind that the fee amount will vary based on how you decide to file the form.
All amendment forms need to be filed with the Minnesota Secretary of State’s Business Services office. You can file the amendment forms in person, online, or by mail.
Processing time depends on the filing method. In most cases, it will take about 1-2 weeks to process an amendment. If you’re in a rush, you can request expedited service at an additional cost.
Even after you’ve filed the relevant forms with the Minnesota state government, there’s still more to do to complete your business’s name change in Minnesota. Specifically, you need to update all your business’s other documents. This includes things like:
Ensure that your business’s new name is on all of these materials. Even a small mistake can lead to a lot of confusion!
Finally, let your vendors and clients know about the name change, preferably well in advance.
We’re standing by to help you. We know how repetitive and time-consuming these kinds of changes can be, so don’t hesitate to let us give you a hand.
Even if you’re confident you can handle the process of changing your business’s name, we can assist you with many other business needs. For example, we can help keep your business compliant with legal requirements using our Worry-Free Compliance Service. With this service, we will take care of up to two amendments each year. We’ll also support your business if it ever falls out of good standing with the state.
If you’re still at the beginning of your business journey and need help forming your business, we can give you a hand up with our Minnesota LLC and Minnesota Corporation Formation Services. Let’s get going today!
A standard business name is the official name of your business as a legal entity. This name will go on all your business’s formation documents.
A DBA (also called an assumed name or trade name) is an unofficial name that your business can use with the public.
No, you don’t. The point of a DBA is to give your business flexibility with its name. However, sometimes business owners have additional reasons to change a business name in Minnesota. Ultimately, whether you adopt a DBA name or change your business’s name all depends on your goals.
Make sure you follow the instructions on the relevant formation documents or amendment forms. Also, make sure you meet the requirements we discuss above. You can’t use the same name as another business. You also can’t have a business name in a language other than English.
Assuming you meet these requirements, just file the appropriate form with the Minnesota Secretary of State. Make sure to include the correct filing fee.
Provided you follow Minnesota’s regulations, you can file as many amendments as you need.
Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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